(ACNT) Synalloy - Ratings and Ratios

Ascent Industries Co., a diversified industrials company, specializes in the production and distribution of stainless steel pipe, tube, and specialty chemicals, serving both domestic and international markets. The company operates through two primary segments: Tubular Products and Specialty Chemicals. Under the Tubular Products segment, it manufactures welded pipes and tubes, primarily utilizing stainless steel, duplex, and nickel alloys, catering to industries such as automotive, commercial transportation, marine, food services, construction, furniture, healthcare, and other sectors. Additionally, the company produces specialty chemicals, including defoamers, surfactants, and lubricating agents, which are used by end-users in agrochemicals, paper, metalworking, coatings, water treatment, paint, mining, oil and gas, and janitorial applications. Ascent Industries also offers contract manufacturing services and operates a multi-purpose plant capable of processing challenging materials, such as flammable solvents, viscous liquids, and granular solids. Formerly known as Synalloy Corporation, the company rebranded as Ascent Industries Co. in August 2022. Founded in 1945, it is headquartered in Schaumburg, Illinois.

Ascent Industries Co. (NASDAQ: ACNT) is listed on the NASDAQ exchange as a common stock, with a market capitalization of $112.65 million. The company operates within the Diversified Metals & Mining sub-industry. Its stock has recently shown moderate trading activity, with an average 20-day volume of 18,606 shares. The stock is currently trading at $11.05, with key moving averages indicating a neutral to slightly bearish trend in the short to medium term. The 20-day SMA stands at $11.17, the 50-day SMA at $11.19, and the 200-day SMA at $10.30, suggesting a potential sideways trading range with limited upside momentum. The Average True Range (ATR) of 0.29 indicates moderate volatility.